Analysis of currency $TON hourly frame /
Technical analysis:
1. Current price: $3.211.
2. Moving averages:
MA(7) = 3.205 (the price has broken above it, a short-term positive signal)
MA(25) = 3.180 (the price is above it, which reinforces the positivity)
MA(99) = 3.229 (currently resistance, the price is approaching it)
3. RSI (Relative Strength Index):
RSI(6) = 57.6, still within the neutral zone, but leaning towards positivity (not yet reached overbought).
4. OBV (On-Balance Volume):
Still negative, indicating that the upward movement has not been supported by strong liquidity yet, needs monitoring.
5. Nearest support: 3.160 then 3.113 (strong previous bottom).
6. Nearest resistance: 3.229 (MA99) then 3.248 (24-hour peak).
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Targets in case of breaking the resistance:
First target: 3.248 (breaking it may push the price for a new upward wave).
Second target: 3.30 (psychological and technical level).
Third target: 3.39 (clear previous peak).
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Scenarios:
Positive scenario: If 3.229 is broken and maintained above it with high trading volume, we may see a move towards 3.30 then 3.39.
Negative scenario: If it fails to break 3.229 and drops below 3.160, it may return to test 3.113.
